Congratulations! You’re a new parent. You’re probably excited and feeling a variety of emotions right now. Despite the excitement, you may be a bit nervous about how much money your beautiful little one has already cost you.
No worries! While children “are expensive” there are ways you can save and lighten the financial stress, so you have more time to enjoy the happy moments of being a new parent and spend less time worrying about it. Here are 5 ways you can save money as a new mom.
1.Take your time looking for diapers
If there is one cost that is always going to be a cost, it is diapers. Diapers are (obviously) a must-have for your baby’s first and possibly second year of life. To make sure you save money on this item that will be an expense for a while to come, consider various alternatives. You could shop around at different spots to make sure that you’re getting the best price, consider a diaper subscription, or invest in cloth diapers. Cloth diapers will help you save a lot of money as you only have to buy them a few times throughout the year.
2. Consider buying second-hand baby equipment
You may not want to go shopping at a thrift store for items that have been used over and over again and that may not be in the best condition. However, you could consider reaching out to family and friends who no longer need their baby items. Many times, the equipment could be in perfect condition and look brand-new. So, before you shop, ask around. You may save hundreds.
3. Look for two-in-one options.
Your baby won’t stay a teeny-tiny newborn forever—in fact, that stage will go by quicker than you realize. So, buying for only one specific stage may not be the best idea. Instead, consider purchasing two-in-one options, such as baby-seat carriers that convert to a seat for a toddler. You can also invest in a crib that can turn into a “big kid bed.” This allows you to save money on items that would have otherwise been purchased separately.
4. You don’t need as many baby clothes as you think you do
While babies soil their clothes often (regardless of diaper quality), they also grow quickly. You may want to splurge and get the cutest baby clothes for their first few months. However, you may find yourself not using all the pieces you’ve bought. Along the same lines, basics are a great idea, as your little one will more than likely be spending most of their time in them. Plus, they’re more affordable than those super cute outfits.
5. Think about what you really need
Becoming a new parent is certainly overwhelming. There are so many items you could buy and things you may think you need. When you’re pregnant, you may be tempted to nest and stock up on everything you can imagine. While you do want to be prepared with the basics, consider stocking up as you go along. You may think you need 20 pacifiers before the little one is born, only to discover your baby isn’t into pacifiers.
Investing in quality products is worth it when you’re a new mom. However, there are some things that you can save on, so you don’t spend more than you have to. From planning where you get your diapers to using a friend’s old yet beautiful stroller, there are many ways you can hold back on spending a fortune on your new baby.